Supply chain due diligence: can oil and gas firms do more?
In the oil and gas industry, fraud, bribery and other financial crimes hit the headlines regularly. Stories about poor practices in the supply chain, for example relating to human rights and the environment, are also rife. The sector is
How gold trading continues to trouble AML investigators
As a commodity synonymous with exuberant sums of money, gold has long been a glittering opportunity for financial criminals. Not only an attractive proposition at face value, digging deeper it’s also noteworthy that the trafficking of gold is, remarkably,
Why five Dutch banks are teaming up to counter money laundering
The banking sector in the Netherlands knows it has to take tough action against money laundering. A series of scandals in the country have resulted in tough regulatory sanctions – and concern that trust in Dutch banking could be
What we’ve learned as a Fintech startup through the COVID-19 lockdown
It’s been almost four months (and counting) since the UK imposed a nationwide lockdown in light of the COVID-19 pandemic, and fortunately Arachnys was fully prepared for the remote-first plan that was to follow. The prospect of working from
High-Risk Third Countries: an AML challenge for the EU
The EU (European Union) has had its share of recent money laundering challenges and scandals, such as those related to Danske Bank, Swedbank, ABLV and Rabobank and while plans are under way to address shortcomings within the EU, it
InsideArachnys – Q&A with Will Ellis, Interim Head of QA
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Will Ellis, our Interim Head of QA based in London. Hi Will, can you tell us a little
The ambiguous picture of money laundering in UK real estate
An ongoing minefield for financial crime in the UK has been the property market. Whether this includes cheaper for-rent businesses and accommodations nationwide (with university digs being a matter of great concern recently), or high-end properties attracting the crime
Momenta Group further safeguards banks’ KYC with Arachnys partnership
KYC, CDD and KYC refresh given a major boost in efficiency through digitising KYC and investigative processes. Major financial institutions enlisting the support of one of the UK’s leading contingent resourcing firms, to staff key projects around KYC, CDD and
How technology could help banks beat the 6AMLD deadline
Six months and counting. The European Union’s Sixth Anti-Money Laundering Directive comes into effect across its member states on 3 December 2020; regulated financial institutions will then need to be compliant by 3 June 2021. Getting to grips with 6AMLD
Filling in the ‘grey area’: the future for UBO registers
The release of ultimate beneficial owner (UBO) registers has become mandatory in the EU following the 5th Anti-Money Laundering Directive (5AMLD), and it could have some extremely positive ramifications for financial institutions. Although, this has quickly shown itself to
How to achieve a single source of truth for AML & KYC data [podcast]
David Buxton, CEO and Founder of Arachnys joins the Captivated Audience Podcast to discuss the single source of truth approach for data aggregation, the spectrum of data sources relevant for financial crime prevention, desktop bots and the essential role
Inside reputational & strategic risk investigations: Q&A with Laura Hamilton, Falanx Assynt
In our continuing series of interviews, we caught up with Laura Hamilton, Senior Analyst, Business & Strategic Intelligence at Falanx Assynt, who kindly took some time to tell us about her role, her challenges around the reliability of data